In today’s session, we explored a list of possible trade targets and talked about how stocks are either dragged along by market movements or act independently. Our goal was to find some targets that were moving independently of the broad market for use in potential trades.
We needed to do some damage control as WYNN has been rapidly shooting higher the last few days. This movement broke through the short call strike in our Iron Condor. To avoid the risk of further losses we closed the trade down. Details: